Costing Specialist

Costing SpecialistAbout the Role:Oversee BU level costing activities transitioning to finance CoE.Responsible for product costing in SAP for markets with centralized activities.Establish process for analysis of variances and provide actionable insights to reduce discrepancies compared to standards.Support inventory valuation including calculation of capitalized variances and stock provisions.Liaise with technology teams to resolve issues in processes or reports.Perform ad hoc analysis including deep dives to identify issues.Validate dashboards and reports relating to inventory, procurement, and factory performance.Support group projects requiring centralized costing support.Key Responsibilities and Activities:Single point contact for SAP product costing.Independently handle entire product costing activities on SAP.Regular review of materials pending cost release and liaise with markets for timely update of standard costs.End-to-end support for the release of standard costs following established methodology for standard cost calculation.Conduct reviews to ensure accuracy of standard costs.Review and validate master data components impacting product costing such as Bill of Materials, Routings, Costing Lot Size, and Procurement Keys.Operational Analysis:Analyze procurement transactions and identify cause for price variance.Review exceptions and abnormal variances and liaise with markets to take corrective action.Factory variance analysis and consolidation.Develop reports providing insights into price and factory variances.Month Close Activities:Review of gross stocks and reports providing value of gross stock based on accounting policy.Calculate variance to be calculated based on group policies.Adherence to standard methodology for calculation of provisions and bring improvements in process as required.Ad Hoc Business Support:Deep dives into transactions and processes to identify issues and provide solutions.Validation of dashboards and reports.Provide guidance to markets relating to standard processes and methodologies in areas related to costing and inventory valuation.Requirements:Certified/Qualified Accountant: An accountant certified by a professional accounting body (Chartered accountant or Cost and Management Accountant).University Degree.A minimum of eight years of post-qualification work experience with a manufacturing organization.Minimum of six years hands-on experience with SAP product costing and end-to-end process knowledge.Knowledge on SAP MM and PP modules. Must have experience on how non-financial information impacts costing.Must have thorough understanding of SAP CO module and process flow for product costing and fixing errors in costing and transaction processing.Experience with analysis of variances.Ability to communicate effectively with stakeholders (oral and written).Ability to work independently or within a team environment and with multiple priorities.Proficiency with spreadsheet applications (Excel) and reporting and analysis tools (BW, BCS, Lumira etc.).Desirable Skills:Self-motivated.Collaboration in a remote work environment.Analytical and logical thinking skills.Focus on quality without sacrifice of time.Self-learning ability.Flexibility with time and scope of work.Benefits:We're committed to innovation, excellence, and fostering a diverse and collaborative environment where every team member can thrive. If you're passionate about making an impact in the textile industry and eager to join a global leader with a rich heritage and a forward-thinking approach, we invite you to take the next step in your career with us.Apply now to be part of our dynamic team and help shape the future of textiles.